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AI in Video Surveillance Market worth $12.46 billion by 2030 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

20 Dec, 2024, 15:15 GMT

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DELRAY BEACH, Fla., Dec. 20, 2024 /PRNewswire/ -- The AI in video surveillance market is projected to grow from USD 3.90 billion in 2024 to USD 12.46 billion by 2030, growing at a CAGR of 21.3% from 2025 to 2030 according to a new report by MarketsandMarkets™. The increasing demand for advanced security solutions across various sectors is one of the factors driving growth in the AI-powered video surveillance market. As urban populations expand and public awareness of security threats increases, businesses, governments, and individuals become more likely to invest in sophisticated surveillance technologies.

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MarketsandMarkets

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84216922

Browse in-depth TOC on "AI in Video Surveillance Market" 
259 – Tables
70 – Figures
285 – Pages

AI in Video Surveillance Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.90 billion

Estimated Value by 2030

$ 12.46 billion

Growth Rate

Poised to grow at a CAGR of 21.3%

Market Size Available for

2021–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Deployment, Technology and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Data breach issues caused by misuse and mishandling of sensitive information

Key Market Opportunities

Rising adoption of smart home technologies

Key Market Drivers

Transformation of urban landscape through smart city initiatives

 Al capabilities include real-time threat detection, behavioral analysis, and predictive incident monitoring that traditional systems do not. These upgrades not only ensure safety but also enhance operational efficiency, making Al-based surveillance an attractive means to protect people, property, and data. The rise in criminal activities and terrorism threats worldwide compels organizations and governments to adopt such advanced solutions, continuously expanding the Al video surveillance market.

Cloud-based segment is expected to witness higher CAGR during the forecast period.

The cloud-based segment is expected to witness a higher CAGR during the AI in video surveillance market forecast period. They offer remote access and real-time monitoring capabilities from anywhere. This is useful for organizations with spread-out locations or mobile security operations, which can be centrally managed and overseen from different locations. The cloud can analyze data in real time and send instant alerts to improve the responsiveness of security incidents and operational issues. The demand for accessible and flexible surveillance management is also one of the factors pushing the trend toward mobile and remote work environments.

The computer vision segment in the AI in Video Surveillance market is expected to capture the highest share during the forecast period.

The adoption of computer vision technology in AI-driven video surveillance is driven by its advanced capabilities such as object detection, facial recognition, activity analysis, and anomaly detection with high accuracy. This technology enhances situational awareness, automates routine monitoring tasks, and provides real-time actionable insights. Growing demand for intelligent systems in security, traffic management, retail analytics, and smart city initiatives further accelerates its integration because computer vision allows scalable and efficient solutions for complex surveillance challenges.

The software segment is expected to capture the highest share in the AI in Video Surveillance market during the forecast period.

The software segment is projected to hold the largest market share during the forecast period. The need for smart and more efficient surveillance solutions has created the demand to adopt video management systems based on artificial intelligence and video analytics software. These systems provide advanced capabilities, including real-time analysis of data, behavioral insights, object detection, facial recognition, and automated alerts with increased situational awareness, making smarter decisions. Emerging smart cities, growing security concerns, and demands for easy-to-scale solutions are pushing for adopting these technologies as advancements in cloud and edge computing are generating agility and decreasing latency, presenting smooth adoption across the industry.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=84216922

Asia Pacific is expected to witness the highest CAGR of the AI in Video Surveillance industry during the forecast period.

The growth in AI adoption is rapid in the Asia Pacific region, driven by the increasing demand for video surveillance systems in China, India, and other countries. China is one of the largest consumers of video surveillance devices and systems globally. The country intends to set up AI-based video surveillance cameras using facial recognition technology in the most sensitive public areas to improve security and maintain social stability. Furthermore, the giant infrastructure projects underway in China are raising the need for high-definition surveillance systems that can produce clear images even in poor lighting.

Key Players

Leading players in the AI in Video Surveillance companies include are Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Motorola Solutions, Inc. (US), Milestone Systems A/S (Denmark), SenseTime (Hong Kong), Irisity (Sweden), NEC Corporation (Japan), Axis Communications AB (Sweden), Genetec Inc. (Canada), Hanwha Vision Co., Ltd., (South Korea), BriefCam (US), MOBOTIX AG (Germany), Teledyne Technologies Incorporated (US), Honeywell International Inc. (US), VIVOTEK Inc. (Taiwan), Verkada Inc. (US), Morphean SA (Switzerland), Bosch Sicherheitssysteme Gmbh (US), i-PRO (Japan), Camcloud (Canada), Ivideon (Russia), Hakimo, Inc. (US), promiseQ Gmbh (Germany), Rhombus Systems (US), Umbo Computer Vision Inc. (US) are few other key companies operating in the AI in Video Surveillance market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84216922

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Video Surveillance Market by Image Sensor, Lens, Image Processing, Analog, IP Camera, Dome, PTZ, Box & Bullet, Panoramic, Fisheye, Body-worn, Encoders, AI-based VMS, Video Content Analysis, Storage Devices (Digital, Network) - Global Forecast to 2030

Mobile Video Surveillance Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Cameras, Monitors, Storage Devices, Accessories, Software, VSaaS), System (IP, Analog), Application (Public Transit, Fleet Management, Emergency Vehicles, Drones), Vertical & Region - Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-video-surveillance-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-video-surveillance.asp

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